Accra, Ghana//- Over the past year, remittances have continued to be a vital source of foreign income in many developing countries across Sub – Saharan Africa, contributing significantly to changing the lives of millions of people.
Category: Investing
Ghana: Citizens’ Coalition Calls for the Reduction of Ministers, Staffers and Others
Accra, Ghana//-The Coalition for Democratic and Accountable Governance (Citizens’ Coalition), a nonpartisan coalition/movement made up of Civil Society Organizations (CSOs) and individuals that harnesses democratic processes of mass education and mobilization to establish a culture of accountable and transparent governance, has asked the government to reduce its size.
Kenya’s Economic Recovery Remains Strong, Although Slowed by Drought and Inflation
Nairobi, Kenya// — Kenya’s economy continued to rebound from the pandemic in 2022 with real gross domestic product (GDP) increasing by 6% year-on-year in the first half of 2022, driven by broad-based increases in services and industry.
Ghana: Waterstone Realty Ltd Sues Government for $4.7m over National Cathedral Project
Accra, Ghana//-A Real Estate agency, Waterstone Realty Limited has sued the Lands Commission for the demolition of a two-storey multipurpose building previously located at the current location of the National Cathedral project.
Botswana: African Dev’t Bank Commits $180m to Bolster Post-Covid-19 Economic Recovery
Abidjan, Ivory Coast, December 7, 2022/ — The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery.
Two-thirds of Investors Changing Investment Strategies to Combat Inflation
Singapore// – Standard Chartered’s Wealth Expectancy Report 2022 which examines the shifts in investor decisions for more than 15,000 emerging affluent, affluent, and high net worth (HNW) investors in 14 markets, along with the resulting movements in major asset classes revealed 65% of investors are more actively managing their wealth and making changes to their investment […]
Mano River Union Launches Scheme to Build Inclusive Business Ecosystems
On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown, Sierra Leone.
Ghana: T-bills, Individual Bondholders Exempted From Domestic Debt Exchange
Accra, Ghana//-Ghana’s Finance Minister, Ken Ofori-Atta announced that government has put in place measures to minimise the impact of the country’s domestic debt exchange on investors.
Akufo-Addo’s Haircut to Investors: Expect Your Final Payments in 2037-EMT to Ghana’s Bondholders
Accra, the Economic Management Team (EMT) has told Ghana’s bondholders that they would receive their final payments in 2037. How the question is, where will Akufo-Addo be in 2037?
Markets’ High-octane Boost if Fed Chair Powell Signals Rate Rise Step Down
“Markets will be given a high-octane boost should the Federal Reserve chair support expectations that it will begin to step down from its interest rate hike agenda in December,” predicts Nigel Green, CEO of deVere Group.